<p>With a family income of ~200k is it normal to have an EFC of $55,000? With two kids in college, this seems absurd to me that they would be asking that more than half of your income be spent on college tuition...</p>
<p>Hmmm…it would seem to me that your TOTAL EFC (for both kids combined) would be in the $55K range…or maybe a little higher. But for each kiddo, THEIR EFC I would think would be roughly half of that amount. Did you indicate the correct number of students IN college on both forms (should have been 2). </p>
<p>If you have significant reportable assets, this could also raise your EFC.</p>
<p>It sounds like a lot but I am sure that is correct. The notion is, with an income that level, you can either save or borrow (your choice) or choose a much cheaper option (ie, in-state). We saved a lot, and though our income is a lot less than yours, our EFC is very high. Around 45,000.</p>
<p>But that is why we saved…it is a shock though.</p>
<p>I didn’t read that right–it is 55,000 per kid? That does seem quite high.</p>
<p>I think it has been said that EFC generally, when one’s AGI is around $60,000 or over, comes to about 1/3 of the household income. Yes, a shock! But I think that is the way it usually comes out. YMMV</p>
<p>OP, there should be two FAFSAs…one for each kid. Parent info carries over to the second FAFSA. Two SARs, one for each kid. Each SAR will have an EFC for that particular student. Perhaps you are adding the two EFCs together? Otherwise its abit high for two much if there are above average assets and way above average income, it’s possible. Double check both FAFSAs and make sure there aren’t any errors.</p>
<p>Yes… I wonder if the OP did two separate FAFSAs and if the OP indicated 2 in college.</p>
<p>Also, the OP did not indicate whether large assets may also be an issue.</p>
<p>No it is $55,000 per kid so $110,000 for the two kids together. There is no abnormally large or valuable assets either</p>
<p>I just did an EFC calculator with a family of 4, with 2 in college, and with an AGI of 200,000.</p>
<p>I’m getting $28,000 per child.</p>
<p>Are you sure that you’re indicating 2 in college on each FAFSA? It sounds like you’re indicating only 1 child in college on each FAFSA.</p>
<p>Yeah I’m sure. That is what I’m not understanding about this. I did various EFC calculators and they all gave me between 29,000 and 35,000 I have no idea where this number FAFSA is coming up with is coming from.</p>
<p>Is there someone else who can look over your numbers? Sometimes another set of eyes can find a mistake. Surely there is a mistake somewhere. (let’s hope so! 
)</p>
<p>Yeah I will have someone else look over it too, hopefully something was wrong! I just don’t see how $110,000 is realistic</p>
<p>ejh…do you own a business, a rental property, a second property? Did you list your primary residence as an asset (should NOT have done so)? </p>
<p>Something isn’t right about these numbers. On your FAFSAs you should have listed the total number in your household (if there are two kids and two parents…that would be 4) AND the total number enrolled in degree programs in college as 2…if you will have two in college next year.</p>
<p>If you had ONE in college last year, what was your EFC for that ONE kid. Perhaps checking the last year’s FAFSA against this year’s will help you figure this out as well. If there is an increase somewhere, that might explain this…OR you may find the line item that isn’t quite right. </p>
<p>When we had ONE kiddo in college, our EFC was $45,000 for that one kid. When little sis joined the college ranks, EACH kid had an EFC in the $23K range.</p>
<p>I will look over it again today to be sure, thanks for all the help! But theoretically, because one more kid is going to be attending college in the fall, our family EFC should be half what it was last year, that’s what your saying right?</p>
<p>Yes, as long as the kids themselves don’t have significantly different assets/earnings.</p>
<p>BTW…we didn’t ask that before…do your kids have significant assets/earnings/savings? if so, a greater percentage of their assets/earnings/savings is expected for EFC.</p>
<p>^^yes EFC should be roughly the same year to year as long as all other stayed the same e.g. income stayed the same, assets stayed the same. But small increases in income and small increases in assets do increase EFC so compare the parent portion this year to last year. Also if your assets are not in protected retirement accounts (like 401Ks, IRAs) those get counted. Finally like mentioned above, most people’s kids dont’ have a ton of assets or income, if your kids have income/assets those are counted heavier.</p>
<p>Alas, there was a mistake. The form was filled out wrong. Thank you so much to everyone that helped!!!</p>
<p>:)</p>
<p>Yeah!!! We knew that somehow a wrong number or something had got inputted. Did another set of eyes catch your boo boo?</p>
<p>Yep. Thanks again</p>
<p>In the EFC calculators we have put in one kid and it said our EFC was 43K and our income is 140K or so.</p>